Earnings could spark a significant pullback this week, long-time market bull Art Hogan warns (via TradingNation)
," he said. "The index is trading at 25 times and it's throwing out a dividend that's less than 3%. Both of those numbers are historically stretched. This is an index that usually trades at 16 times and has about a 5% dividend.", contends it's no reason to turn bearish. He's looking at the next downturn as a key buying opportunity., increasing the cash has been a major strategy.
"Our cash levels coming into the first quarter have been higher than they historically are," Hogan said.
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